I am a tiny bit confused about what amount is due at the closing of a deal...Example: purchasing a multifamily for $350k. Is the full purchase price due upfront? or just a down payment and the rest gets paid in insta...
As a wholesaler, are you able to wholesale a bank owned, FannieMae or HUD property to an investor with a purchase agreement or an assignment contract? I'm looking at a foreclosure that is a FannieMae home path propert...
So I have read the statute in Florida on assignment of contracts and it seems to be somewhat risky. My question is if I do a double close does that absolve the risk?
Currently under due diligence and the day of the home inspection we find the tenant left the water running in the kitchen and up stairs baths causing water to flood the basement unit (duplex) . House already needs abo...
I will be closing on a 5 unit in the next couple weeks. I have been waiting a year for this due to the owner being overseas. Cost of the building was 73k. There is private financing for this at 52k for 5 year balloon ...
Had a teacher from the Iowa School for the Deaf call yesterday and ask if her students could visit. They are taking them through different life experiences such as renting a storage unit. They stopped by today and I...
Good evening to all ,Seeking inspiration from fellow investors.My wife and I were suppose to close Thursday got pushed back to Friday and now we hope for the best on Monday , our lender got our closing disclosure sent...
Hi everyone We bought a property that was in the process of being rehabbed my purchase price included the rehab. The contract clearly says it would be done with in 2 months. It’s been a year. I’m in Florida the proper...
Hello,I have a property under contract with a seller where the property needs $30k in work to cure code violations before clear title is issued. My buyer will take the property with the violations but needs a hard mon...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $205,000
Cash invested: $53,137
Purchased this triplex w/ 3 car garage while deployed in Iraq using a 20% do...